The ripples of the Lebanese economic slowdown vary from sector to sector. Tourism was hit by the absence of hefty Gulf spenders but was able to adapt to the new segment of European tourists by offering ... read more
In the week ending February 21st 2019, Broad Money (M3) fell by a weekly LBP 7B ($5M) to stand at LBP 209,149B ($138.74B), declining 0.30% year-on-year (y-o-y) and 1.41% since the start of the year. In ... read more
January 2019 witnessed the highest monthly BOP deficit of $1380M since 1993, only July 2006 (launch of Israeli war on Lebanon) came close to it with a deficit of $1188M. The political tensions ahead of the ... read more
According to Lebanon’s consolidated commercial banks’ balance sheet, total assets grew by 11.81% year-on-year (y-o-y), to stand at $248.88B by January 2019. In details, Currency and deposits with BDL ... read more
The BLOM Lebanon Purchasing Managers’ Index (PMI) increased from 46.5 in January 2019 to 46.9 in February as output and new orders declined at a slower pace, the slowest in a year. On January 31st the ... read more
The Central Bank’s (BDL’s) balance sheet posted an 18.81% y-o-y (year on year) increase in its total assets, to $145.29B by February 2019. BDL’s foreign assets (grasping 26.76% of total assets) fell by ... read more
According to Lebanon’s Ministry of Finance (MoF), personnel costs rose by an annual 22.7% to reach $940M by Feb. 2018. In fact, the eminent growth in personnel costs was driven by the parliament’s ... read more
According to the Orders of Engineers in Beirut and Tripoli, the total number of construction permits fell by a yearly 27.44% to reach 841 in the first month of 2019. Accordingly, the Construction Area ... read more
Lebanese Forex Market The Lebanese Pound (LP) steadied this week within the range of $/LP 1,514 – 1,514.5 against the dollar, with a mid-price of $/LP 1,514.25. The peg continues to be supported by ... read more
Following the government’s formation, pressure has been easing on the Lebanese Eurobonds market. The BLOM Bond Index (BBI) rose by 1.25% over the week to 93.93 points on account of higher demand on medium ... read more
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